Painfull day

Hang onto your stock. There is a ton of short interest. Shorts will need to cover. The bidding process is not over. Cramer just told everyone to sell. It should punish the stock today, but then again, look at Cramer's record. Retail is selling and they have an equally impressive record. I'm holding and taking a beating. Welcome to high beta tech.

It's unclear. I would put the price somewhere in the $75 to $100, which either way is higher than today. I'm just letting the sellers exhaust themselves today. If we end the day near $60, I'll be happy. The shorts can't really pound this stock too hard or hold that position too long because they know it only takes one rumor or one company to buy it and knock them out.

Congratulations to the shorts today, but I think IDCC is still going higher from here. Just because one company confirms that the space is hot and puts a ton of money in it does not mean that your company is worthless. In fact, it means the opposite. Don't let Mr. Market dissuade you.

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